Enterprise Rights Management Solution Market Size, Industry Share and Forecast, 2030

With a compound annual growth rate (CAGR) of around 18.67% between 2023 and 2030, the global market for enterprise rights management solutions is expected to reach a value of over USD 20.36 billion by 2030, up from a projected USD 5.21 billion in 2022.

The report analyzes the global enterprise rights management solution market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the enterprise rights management solution industry.

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Global Enterprise Rights Management Solution Market: Overview

Businesses can increase operational efficiency and insight into assets and their rights by automating and digitizing the end-to-end rights management process with the help of the enterprise rights management system. These technologies also do intricate computations and enable contract financial tracking. Enterprises currently experience data security breaches. Workers that download this information to a USB stick, laptop, or the cloud can carry it with them. Additionally, there’s a danger that inadequate security measures will enable data to inadvertently become visible to the systems. Enterprise rights management systems in these situations safeguard private information and stay within the company.

Global Enterprise Rights Management Solution Market: Growth Factors

The need to secure data related to intellectual property is growing, as are the rates of cyberattacks and data breaches. Additionally, small and medium-sized businesses are increasingly adopting enterprise rights management solutions, which is driving the growth of the global market for these solutions. Furthermore, the enterprise rights management solution provides businesses with a number of advantages. It restricts access to documents and users, revokes document use to IP addresses and country locations, integrates with e-commerce for round-the-clock document delivery, and controls document usage—printing, copying, and editing—as well as sharing with unauthorized users.

Due to all of these advantages, enterprise rights management systems are in greater demand, which supports the expansion of the worldwide market. Further driving the market’s expansion are the increasing trend of digitalization, growing worries about online data piracy, and the use of your gadget by several companies. Additionally, during the projection period, there will be a plethora of potential for the worldwide enterprise rights management solution market to grow as a result of the IT sector’s increased use of these solutions. However, the adoption rate of business rights management solutions by small and mid-sized enterprises is low in developing countries due to the high cost of installation and extreme complexity, which could impede the growth of the global enterprise rights management solution market.

The COVID-19 epidemic has resulted in stringent lockdowns and mobility limitations. Thus, work-from-home solutions were implemented by most IT sectors. This might go on for a longer time. Following the announcement of the Covid-19 epidemic, almost 88% of businesses worldwide mandated that employees work from home. This sparked worries about insider dangers, cyberattacks, and data privacy. The need for enterprise rights management systems increased as a result. Nevertheless, the enterprise rights management system was not widely used as a result of the business closures that occurred in the first quarter of 2020. Consequently, despite the COVID-19 epidemic, the worldwide market for enterprise rights management solutions showed a consistent growth rate.

Global Enterprise Rights Management Solution Market: Segmentation

The enterprise size, component, industry, deployment type, and geography are the main categories used to categorize the global market for enterprise rights management solutions. The global market for enterprise rights management solutions is divided into two segments based on the size of the enterprise: small and medium-sized organizations and big enterprises. The component sector is divided into four sections: integrated with data loss prevention (DLP), integrated with other systems, implementation and integration services, consulting, training, and support services, and integrated with enterprise file sharing and synchronization (EFSS). The global market is categorized by industry into the following areas: manufacturing, government, software & technology, banking, financial services & insurance (BFSI), healthcare & pharmaceuticals, manufacturing, research & publications, and others. The market is split between on-premises and cloud deployments.

Global Enterprise Rights Management Solution Market: Regional Analysis

According to revenue projections, North America is expected to hold the biggest market share during the projected time. The fast adoption of enterprise rights management solutions, the emergence of significant key players, and the IT sector’s technological breakthroughs are all responsible for this. The Asia Pacific enterprise rights management solution market, on the other hand, is projected to expand at a profitable rate. This is a result of the increasing digitization of all industries, particularly banking, which necessitates the protection of digital data.

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